Could Japan be The First Country To Employ Austerity Measures? Peter Schiff This Time Japan Dropped a Bomb on Us – Ep 863 Review – December 24, 2022,

 

 

Japan is in a very interesting economic situation; Japan by no means is poor; on paper, in actuality, it’s probably the richest in the developed world if… The Japanese Federal Government liquidated non-positive cash flow-producing assets.

Peter Schiff does an excellent job pointing out the obvious in easy-to-understand language. Peter doesn’t talk about the war on fossil fuels, as he’s a Gold Bug, but I tie consumer price inflation to the war on fossil fuels. Japan is NOT a consumption-led economy, whereas the United States is, because Japan is trying to save and preserve and protect its manufacturing CAPACITY, which is what their economic policies are all about; in the event, the Japanese Yen faces a crisis, the solution is obvious, but will the Japanese Federal Government want to do pursue it?

Karl Marx, or Marxism, imagines a world in which the government protects the working class from the evil rich capitalists, in practice Marxism, as taught by Karl Marx, is a disaster, however in the real rugged world, a lot of humans are sympathetic to Marxism, Marxism in many ways blends well with PATRIOTISM and PROTECTIONISM. “The government must PROTECT its citizens from foreign influence and foreign takeovers”, you’ll often read people publishing content in this way.

In many ways, because of this patriotism, the Japanese people have had to endure economic stagnation for PROTECTIONISM. Because the modern fiat monetary system, in my opinion, revolves around Petroleum and fossil fuels, I’m of the belief that the inflation genie is out of the bottle FOR GOOD! This is bad for Japan because the Japanese economy RELIES on western nations like the United States, Canada, Australia, The U.K., and other E.U. regions to SUBSIDIZE the Japanese CORPORATE WELFARE state.

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So from where I look at things, Japan could even TEMPORARILY sell off some of its CORPORATE holdings and allow certain companies to fail. The way the fiat monetary system is set up today, the forex markets don’t seem to care how indebted a nation is; the focus appears to be on Liquidity. Obviously, this puts the fiat monetary system on shaky ground because if consumer price inflation is the new normal, the market focus will turn to necessities over desires.

Why this is problematic for Japan is that Japan is NOT rich in natural resources and has to do a lot of IMPORTING of goods. Japan could switch its focus to becoming a consumption-led economy, which may actually help Japan, as a stronger Yen could start competing with Greenbacks. But opening one’s country to consumption also lends oneself to outside influence.

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In America, Joe Biden appears to be the most compromised president in the history of the country; however, it has almost become normalized. Why? Because there is no PERFECT solution to governing, there are only tradeoffs. Most countries prefer to be ruled by an IRON FIST; America is rare in that the people have freedom of speech and expression.

So this is why I lean more towards austerity measures in Japan, potentially Austerity in an innovative way. Maybe more State-owned enterprises with more foreign investors that have ZERO final say in operations. I do appreciate Peter talking about Japan because I’m of the belief the world is headed for a period of austerity something I call #LateStageSocialism.

Interesting times ahead!